ayv_image_business_appointment

Business contract hire

Business contract hire is our most popular type of lease. It gives you an easy way to lease a vehicle for a set period of time.

How does it work?

With business contract hire, we own the vehicle, so we take on the risk of uncertain resale values, and you then use it for a set period of time.

You pay a monthly rental that is fixed throughout the lease. When the lease ends, you can hand the vehicle back or extend the lease.

This type of agreement can be suitable for companies of all sizes, from multi-nationals to sole traders and partnerships.

It reduces the financial risk of your fleet and allows you to pass a lot of the administration over to us.

For a full description of how business contract hire works, please see our product guide.

Is business contract hire right for your business?

It might be right for you

  • You want to pay a fixed monthly amount that includes road tax.
  • You want brand new vehicles.
  • You like to change your vehicles regularly.
  • You want to fixed price maintenance cover.

It may not be for you if

  • You want to own your vehicles.
  • You like to keep your vehicles for more than five years.
  • You prefer used vehicles.
  • Your vehicles are used in a trade where they are more likely to be damaged.

Key details to keep in mind

  1. Road tax

    Included for the full length of the contract (excluding any annual increases, which we will charge to you).

  2. Amendments

    Yes, to mileage and term.

  3. Maintenance

    Optional.

  4. Recovery

    Included.

  5. Excess mileage charge

    Yes.

  6. Possible additional costs

    If you get any fines (such as speeding or parking), we will transfer these to you where possible. When they need to be paid by us directly, we will do this and recharge you, including a £15 administration fee.